UK long-term borrowing costs hit highest level since 1998

Jan 7, 2025 · The UK’s long-term borrowing costs have hit their highest level since 1998, as a bond sell-off threatens to wipe out the “headroom” chancellor Rachel Reeves has under her recently overhauled ...

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UK Long-term Borrowing Costs Jump To Highest Level Since 1998

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Jan 7, 2025 · UK long-term borrowing costs jump to highest level since 1998 The yield on 30-year gilts increased on Tuesday by four basis points to 5.22%, surpassing the spike seen in 2023.

independent.co.uk

FAQs about UK long-term borrowing costs hit highest level since 1998 Coupon?

Why are Britain's long-term borrowing costs so high?

LONDON (Reuters) - Britain's long-term government borrowing costs hit their highest since 1998 on Tuesday, adding to the problems facing finance minister Rachel Reeves who plans to borrow hundreds of billions of pounds to finance higher public investment and spending. ...

What's going on with Britain's long-term government borrowing costs?

Britain's long-term government borrowing costs hit their highest since 1998 on Tuesday, adding to the problems facing finance minister Rachel Reeves who plans to borrow hundreds of billions of pounds... -January 07, 2025 at 08:06 am EST - MarketScreener ...

Are UK borrowing costs causing a blow to Chancellor Rachel Reeves?

The UK's long-term government borrowing costs have surged to their highest level since 1998, potentially dealing a blow to Chancellor Rachel Reeves. The yield on 30-year gilts - the return on Government bonds - rose by four basis points to 5.22% on Tuesday, surpassing the spike seen in 2023. ...

Will Rachel Reeves blow UK government borrowing costs?

The UK’s long-term government borrowing costs have lifted to their highest level since 1998, in a potential blow for the chancellor Rachel Reeves. The yield on 30-year gilts spiked above 5.24% on Wednesday as UK bonds sold off. Last year the 30-year gilt was yielding 4.38%. ...

Why did UK government debt soared to the highest level since 1998?

More info The cost of long-term government debt soared to its highest level since 1998 on Tuesday, as investors became increasingly anxious about the UK’s economic future. ...

Will rising borrowing costs lead to further tax increases or spending cuts?

The pound has fallen to its lowest level in over a year, while UK borrowing costs hit their highest for 16 years. Economists have warned that the rising costs could lead to further tax increases or spending cuts as the government tries to meet its self-imposed rule not to borrow to fund day-to-day spending. ...